Oil & gas set to become one of the largest businesses for us: Anil Agarwal

Vedanta Chairman Anil Agarwal outlined aggressive growth plans for the group's five-way demerger, creating separate listed entities for aluminium, oil & gas, steel, power, and base metals (zinc, nickel, manganese). The group targets ₹2 lakh crore in government payments over five years (from current ₹60,000 crore annually) and requires approximately $20 billion in funding over 3-3.5 years, to be partly funded by $10 billion in existing EBITDA. Key capacity targets include 500,000 barrels/day in oil & gas, 15 million tonnes of steel (from 4 MT), and 20,000 MW of power, while Agarwal indicated the London holding entity may pursue a US listing.